Recently, the market has paid attention to the progress of spot ETF applications for various altcoins (such as Solana, Litecoin, XRP, etc.). Among them, the spot ETF application for Litecoin is considered the most likely to be approved first. According to reports, the Litecoin spot ETF application submitted by Grayscale and Canary Capital has entered a 21-day public comment period, showing positive progress.
In addition, the spot ETF application for Solana is also advancing. Asset management giant VanEck has submitted the application documents for the Solana ETF to the U.S. Securities and Exchange Commission (SEC), planning to list and trade on the Cboe BZX exchange.
It is worth noting that market analysts are optimistic about the approval of the Litecoin spot ETF. According to Bloomberg ETF reporter Eric Balchunas, the probability of approval for the Litecoin spot ETF is the highest at 90%, followed by Dogecoin, Solana, and XRP.
Overall, the Litecoin spot ETF is considered the most likely to be approved first. However, applications for ETFs of other altcoins are also actively progressing, and investors should continue to pay attention to related developments.
